Will my other product data like Insurance (Life, General, Health), PMS, Stocks, FDs, Bonds also get migrated to Fintso?
In the current scope of migration, these
data points will not be migrated. However, this remains on our roadmap and will
keep you informed when we are ready to launch.
I am already using both Fintso and WealthMagic for my business. Will my data be duplicated via the migration process?
No, your data will not be duplicated. We have built checks to ensure that clients with the same PANs do not get created again in Fintso. In case there are clients without PAN available in WealthMagic, they will only be created in Fintso if their ...
If I update some details of any existing client on WealthMagic, will it reflect on Fintso?
Any change to the personal details or KYC data on WealthMagic will not be updated in Fintso. This is to ensure that there is no misrepresentation of data in case the same underlying data was used to enable a product on Fintso. Any changes to ...
What products can I offer to my clients from Fintso?
You can offer products like Equity Baskets, Global Investments and Fixed Deposits through an end-to-end online execution process. If you wish, you can also upload your Mutual Funds data into Fintso and enable online execution through BSE StAR MF. ...
What data will be synced between WealthMagic and Fintso? Will this be a one-time sync or a regular activity?
Your own profile and client data will be synced from WealthMagic to Fintso. Client data will include Clients (post merge), Groups (Families), and CRM Groups. To start off, your entire dataset will be synced in a one-time process. Going forward, we ...
Will the portfolio statements generated on WealthMagic contain the information of investments made through Fintso?
No, the data of investments done on Fintso will not be pushed to WealthMagic. However, popular WealthMagic report formats will soon be available on Fintso.